Resona Asset Management Co. Ltd. lessened its stake in Nu Holdings Ltd. (NYSE:NU – Free Report) by 4.6% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 865,762 shares of the company’s stock after selling 41,886 shares during the period. Resona Asset Management Co. Ltd.’s holdings in NU were worth $14,482,000 as of its most recent SEC filing.
A number of other institutional investors have also recently made changes to their positions in the stock. Maxi Investments CY Ltd lifted its stake in shares of NU by 85.5% in the 4th quarter. Maxi Investments CY Ltd now owns 783,000 shares of the company’s stock valued at $13,107,000 after purchasing an additional 361,000 shares during the period. C WorldWide Group Holding A S lifted its stake in shares of NU by 1,045.3% in the 4th quarter. C WorldWide Group Holding A S now owns 311,792 shares of the company’s stock valued at $5,219,000 after purchasing an additional 284,569 shares during the period. Washington University lifted its stake in shares of NU by 1.5% in the 3rd quarter. Washington University now owns 10,566,927 shares of the company’s stock valued at $169,177,000 after purchasing an additional 158,731 shares during the period. Mawer Investment Management Ltd. acquired a new position in shares of NU in the 3rd quarter valued at about $10,829,000. Finally, WCM Investment Management LLC lifted its stake in shares of NU by 0.9% in the 3rd quarter. WCM Investment Management LLC now owns 74,478,698 shares of the company’s stock valued at $1,187,935,000 after purchasing an additional 659,526 shares during the period. Institutional investors own 84.02% of the company’s stock.
NU Stock Up 4.0%
NU stock opened at $12.79 on Thursday. The stock’s 50 day simple moving average is $14.18 and its 200 day simple moving average is $15.81. Nu Holdings Ltd. has a fifty-two week low of $11.71 and a fifty-two week high of $18.98. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.58 and a current ratio of 0.58. The company has a market cap of $62.09 billion, a P/E ratio of 19.67, a price-to-earnings-growth ratio of 0.50 and a beta of 1.01.
Analysts Set New Price Targets
A number of research analysts have recently issued reports on NU shares. CICC Research started coverage on NU in a research note on Tuesday, April 14th. They issued an “outperform” rating and a $18.00 price objective on the stock. Zacks Research downgraded NU from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, March 24th. Itau BBA Securities reissued an “outperform” rating on shares of NU in a research note on Tuesday, March 17th. Weiss Ratings downgraded NU from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Wednesday, May 13th. Finally, Susquehanna upped their price target on NU from $19.00 to $22.00 and gave the stock a “positive” rating in a research note on Tuesday, January 27th. Eleven equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat.com, NU currently has an average rating of “Moderate Buy” and an average target price of $18.39.
Get Our Latest Stock Report on NU
Insider Buying and Selling
In other NU news, CEO Cristina Helena Zing Junqueira sold 300,000 shares of the business’s stock in a transaction that occurred on Monday, March 23rd. The stock was sold at an average price of $14.81, for a total transaction of $4,443,000.00. Following the completion of the sale, the chief executive officer directly owned 2,312,338 shares of the company’s stock, valued at approximately $34,245,725.78. The trade was a 11.48% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Anita M. Sands sold 21,000 shares of the business’s stock in a transaction that occurred on Friday, May 15th. The stock was sold at an average price of $12.24, for a total value of $257,040.00. Following the sale, the director directly owned 162,150 shares of the company’s stock, valued at $1,984,716. This represents a 11.47% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders own 1.20% of the company’s stock.
NU Profile
Nu Holdings Ltd (NYSE: NU), commonly known by its consumer brand Nubank, is a Latin American financial technology company that provides digital banking and financial services through a mobile-first platform. The company’s core offerings include no-fee digital checking accounts, credit cards, personal loans, payments and transfers, and a range of savings and investment products. Nubank emphasizes a streamlined customer experience delivered via its smartphone app, combined with data-driven underwriting and automated customer service tools.
Founded in 2013 by David Vélez, Cristina Junqueira and Edward Wible, Nu grew rapidly by targeting underbanked and digitally savvy consumers in Latin America with low-fee, transparent products.
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